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~ Bob, Letter Carrier, Intuitive, Xoom, and All’, ~
No problem, ... and, You Are All Welcome, ... (if I missed someone ?, I didn’t mean to), ... The performing Trusts’ are’, and always have been’, the source for WaMu’s original Cash generation, as well as, after the BK’s, the source for the WaMu financial recovery, after its reorganization, ... A Corporate Structure used by WMI’ for its own financial benefit’ ...
... The WMMSC and WAAC, participation’s, were able to be sold on the secondary market, ... with, WMMSC being listed as the “Master Servicer” ... Long Beach, was always kept separate ... and JPMC’ was responsible to, ... Service’ ?, ... All Of It’ ...
Yes, It’s a bit involved, but the complete process is not impossible to understand, ... BUT’ ... the complex process has also, been very easy to misrepresent ... and by some, obviously done on purpose ...
... “It Is What It Is” ... We’, those that properly followed the directives given to them by the Court’, ... in lieu of the numerous false presentations on the web’, ... will be just fine’ ...
... Yes, WaMu, was financially massive ...
AZ
~ Yep, Let's Get Started Off' On The Right Track ~
* With the "Trusts" now able to distribute, after being placed in a legal holding pattern, since 2008 ?, the "Trusts" returns should be amazing' ...
* With only 206,380,800 shares out ?, WMIH-Corp is a financial monster ...
* WMIH-Corp owns 100% of the "Equity Interest" in WMI Investment Corp. ...
* With only the "Employee Claims" left ?, WMIIC no longer needs to be "Joined Procedurally" ...
* The Performing "Trusts" have always been segregated from the WMIIC / WMI Bankruptcy Filings', only WMI's Cash was actually needed, for an exit into reorganization' ...
* JPMC was only ever able to "Service" the WMI' Master Loan Portfolio ...
* A Performing Trust "Prospectus", refers to a functioning financial return as a "Dividend" ...
* The "Change In Control" issue, has not yet been Ruled Upon by Judge Walrath ...
* Per "James Carreon of A&M", Once WMB has been removed from the Original Consolidated Taxing Group ?, The reorganized company's Tax Benefits are eliminated, NOL's (Net Operating Loss) ...
* The 40 plus year old, WaMu 1031 Exchange' (California) was dissolved on 06/29/2017', W Kosturos & CSC Trust Listed' ...
* A new' 6 month plus old', WaMu 1031 Exchange was open in Delaware on 06/27/2017', its trustee and management, have not yet listed' ...
* Deutsche Bank reveals on 12/11/2017, that its own concerning "Trusts" are to begin distributing in January of 2018' ...
* There are 123 "Trusts" listed on the SEC site, that have WMI' direct involvement ...
* The WMI Senior and Subordinated Debt (Tranche 1 & Tranche 2) were paid off with all cash at the March 2012 Reorganization'
* The Commercial Capital Bancorp Trusts (Tranche 3) have now all been paid up' ...
* Tranche 5 Class 17, are directly associated with WMB' and transition to a JPMC security, along with WMB's final transition to JPMC' ...
* WMIH-Corp has prematurely paid off the "Notes" releasing the Assets on the Liens as reported prior to 10/03/2017' ...
* Per KCC', I will Never' be in a position to be issued an Interest in the WMI-LT, referred to as an LTI' ...
* And, the 75% / 25% distribution between a Class 19 and a Class 22' ? ... IS Limited to ONLY what is left over in the WMI-LT', Classes are defined to their Original Support' ...
... Yes, ... I Know What I OWN', and I Know Why I Remain Invested, after Five plus years' of document and filing study' ...
... I am invested along with a WMI-LT propaganda machine, hedge funds, and powerful private equity ? THAT ? have not wanted me to benefit ? or be able to participate in this encompassing financial leviathan' called ... WaMu' ...
... Go ahead to you few', and throw trash at the presenter, ... because NO ONE' can throw trash at the presentations', filings or documents' ...
I'm sure that I left out some things, but I'm sure that everyone at a minimum understands that, ... AZ' Isn't Going Anywhere' ...
AZ
~ WMIH, Showing (“delisted”) On IHUB’s Security Search Engine ~
... May have absolutely nothing to do with the NasDaq’ ... however, ... This could also have something to do with the newco’ ... WMIH Corp. ... going through some kind of a transition, and is no longer a searchable security under WMIH, ... well, we’ll see
AZ
~ Again, WMIH Corp. ("delisted"), IS New Today' ~
This ? The Following, ... is the search that I utilize, ... I DO NOT utilize the "created" discussion forum' ...
Please open this following security search engine and review' ...
https://ih.advfn.com/stock-market/NASDAQ/wmih-corp-WMIH/stock-price
AZ
~ WMIH Corp. = (“delisted”) ~
... Watch the newco’, ... WMIH-Corp IS’, ... “The Tell” ...
AZ
~ WMIH Corp. = ("delisted") ~
... Watch the newco', ... WMIH-Corp IS', ... "The Tell" ...
AZ
~ NiceSeaShell', Nice To See You As Well' ~
And I Sincerely Hope That You And Everyone Have A Great Holiday Season, As Well' ...
... Watch That NewCo', ... WMIH-Corp' ... (forget about waiting for the WMI-LT' propaganda machine to ever issue anyone an Interest' or an LTI', beyond Tranche 5' for anything of relevance' ... that's total nonsense')
remember, ... the, "embedded derivative function", is no longer needed', ... and even the providers of the, now renewed "replacement credit facility", ... no longer want a fixed rate', "cash coupon" ?, ...
... Now ?, ... it seems that post' 01/05/2018' ? ... that the common stock of WMIH-Corp is just a bit more appealing to them' ? ... hhhmmmm', ... "Cash" is usually "King", ... but maybe in the case of WMIH-Corp ?, common shares are considered a better' form of semi-annual payment' ? ...
just sayin'
~ No' "The Six Rule Rule, Statute of Limitation" ~
Actually Began on 12/11/ 2011' ... when The Court Ordered "Mediated Result" was completed and submitted for the Courts Approval, ... which was subsequently approved by the Judge in February of 2012' ...
Here are Just a few of my own' considerations, ... on 12/04/2017, ... (again, submitted within the proper "Six Year Rule" timelines) ... there were TWO' separate submissions Filed', and NOW BOTH of them, have been signed off on in approval by The Judge' ...
One, was for an Omnibus Hearing' basically an open Court audience with the Judge, ... and as 12/04/2017' stated in the doc' requested, "at the Courts earliest convenience" ...
The Other, was for an Extension of the WMI-LT' ...
Both' of these submitted issues' to be addressed on 01/04/2018'
Also, maybe a coincidence ? Maybe NOT' ...
But, DB's letter' was placed on the "Globic" site on 12/11/2017' ... and' ... WMIH-Corp thought that it should have a CC' on 12/11/2017' as well' ...
we'll see, ...
AZ
~ Intuitive, My Approach Was Simply Different, Is All ~
... Honestly, ... I only reasonably' paid attention to the Open Court process, going on in Judge Walrath's Court, ... however', ... having spent quite a bit of time myself, "north of the gate" (an open court actual participation term), ... I was more than aware of all of the "drama" that goes on', ... especially' in a case as large as WaMu' ... the word "complex" ? does NOT come close to doing this case justice' ...
I saw MW, show up with a bag full of money, after the fact', in 2009, along with Esopus Creek, and I found Judge Collyer's, D.C. "dual tracking litigation" to be very, very, interesting' to say the least' ...
Those European WMB Bank Noteholders, ? ... well, They were the Real Deal' ... 22 Billion in Euro's, issued out of the UK', and as stated', They' did NOT give a hoot about the SEC, or the FDIC' ... WaMu was a Multi-National, ... Rock On' ... The WMB Noteholders, were telling Rosen, ... sorry dude no deal', lets just fight it out' and see what happens, ... so, Plan 6 was earmarked to fail' ... the "Road King" survived, and the "Litigation Morass" was never to happen' ...
I truly began a deep study and research in latter 2012, after the reorganization, ... I began sequencing documents, process, and relevant filings' ... BUT' ... ONLY those documents that were either, signed off on by one of the Judges', or submitted to the SEC with a signature' of responsibility ... and AZ luv's Footnotes' ...
One can actually eliminate some 90% of the legal confusion, buy scrolling to the bottom of a doc' first, in search of an actual "Signature Of Approval" ... Attorneys, love to file "Motions", ... ("Lawyer Chow") ...
So, ... Yes' along with some others' ? ... I actually thought 2015' was going to be our year, ... but' ... we all saw what happened, as we moved to a 06/30/2017, final with the "Globic" Settlement' ... (now Thankfully done) ...
anyhew, ... In My Opinion ? ... Everything is Still Financially Just Fine, ... This is just taking longer than expected' ... My Own Clock ? doesn't start until roughly February of 2012' when Judge Walrath actually approved Plan 7' as submitted, with OUR' inclusion' ...
I hope that made sense' ...
AZ
~ "Whatever", Do What You Do Bob' ~
... "Do What You Do" ...
My Own, ... Class 17' WMB Fixed Income Securities, will give me notification of the financially relevant process movement' ... and NO', they will NOT be issued an LTI, ... (just in case that particular issue remained confusing) ...
... Remember ?, ... from the WMI-LT Propaganda Machine itself' ?, ... Tranche 5 First' ... Right ?, ...
AZ
~ Bill, If We Are ? Then, So IS Everyone ~
just sayin'
AZ
~ They ARE NOT Actual Assets' ~
That may be how it was said', ... But That', ... was, in my own opinion ?, ... a purposeful, "play on words" ...
In The Early, Washington Mutual Inc., ... SEC 10-Q, and 10-K Reports Submitted, ... the "securitization process" is explained and the terms that were used, were "Assets Retained". ... NOT', ... "Retained Assets" ...
... Then, as the transition from 2006 to 2007 occurred, ... The WMI "securitization process" was defined, referring to ... "Retained Earnings" ...
... The WORDS' USED' ?, ... are important' ...
As Far as We' are currently concerned ? ... It's ALL "Cash", ... and now, as of 06/30/2017, able to be released from holding, with the "Globic" Settlement now resolved and completed'
AZ
~ Walter' and Voodoo', and Everyone', You Are Welcome ~
I am hopeful that the Court, at a minimum, simply asks a few questions ?, ...
... "Just, What Were You Thinking ?" ...
... "Is There A Reason That YOU', Did NOT Take The Time To ACTUALLY, "Examine" ?, the Estate As I Requested ?, and Paid YOU to DO ?, ...
... "Oh, and Mr Rosen' ?, ... Is There A Logical Reason That As The Debtors Representation ?, That YOU purposely Disregarded' so much, of WMI's Corporate Structure, as well ?", ...
Right ?
just sayin'
AZ
~ Voodoo & Tzebedee & Guys', Re: The "Examiner" ? ~
The Court assigned, "Examiner", ... signed off on his submission to the Court on November 1st, 2010' ... (which wasn't actually used, by the Court) ... and soon after, on November 12th, 2010' ... Filing # 5885 was submitted to the Court and ultimately received its "Implementation" on March 16th, 2012, Docket # 9901'
... In My Own opinion ?, ... It isn't a case of so much what the "Examiner" did submit ?, ... it's what he DID NOT submit, consider, actually do', or ever question' ...
The Court assigned "Examiner" merely considered a one dimensional view of the debtor, and only looked at actual, "Cash", ... He DID NOT' consider, ... WMI's actual "Corporate Structure", ... WMI's "Securitization Process", ... or any of the, ... WMI Class "Supporting Trusts" ... that were a continuation beyond the TWO' Bankruptcy Filings' ... (a quick look at A&M would or should have created, at a minimum, a curiosity ? ... Right' (nunc-pro-tunc, back to 10/02/2008')
I don't believe that this guy took the time to actually review ONE' actual Washington Mutual, Inc. SEC Filed 10-Q ? or a 10-K ? ... Not to mention, ... "The Preferred Offering ?, The Note Holder Program ?, Commercial Capital Bancorp ?, ... etc, etc, etc, etc, ...
I know that in Nov 2010' the Tranche system had not yet been submitted, ... BUT', ... The "Examiner" reported the Class participants considering only "Cash", on hand' ...
... Quite, An embarrassing and extremely poor work product submitted to the Court' ... in my opinion'
The D.C. Settled "dual tracking" process in Judge Collyer's Court, also Proves this' report to be lacking critical information, and again, an absolute waist of Time & Money' ...
So, Yes' ... In My Own Opinion ?, ... I do believe that, ... his being listed is actually helpful to us ... in an effort to show the Court, what a total load of waisted time and money the "Examiner" was, and that She, Judge Walrath ... was 100% Correct' ... in NOT considering this 356 page role of quite expensive, ... "tp" ...
~ Monica, No’ I Would Not Think So ~
In My Opinion ?, ... his being listed is actually helpful to us’ ...
AZ
~ No, You Are Currently Doing Just Fine ~
And again, ... showing an honest interest ?, ... is commendable, ...
My apologies in advance, ... But I don’t have time tonight to put together the type of linked presentation that I would like to show you, ... however, ... for this evening let me preempt what is to come, ...
what I will sequence and link for you, ... will be a, ... Washington Mutual Inc., Capital Structure Process’ ... That has physically, a minimal amount to do with the WMILT’ ... “other than” ... A&M’s managerial services provided ...
But is ... NOW’, ... extremely financially relevant to the now reorganized WMI, ... WMIH-Corp’ ...
AZ
~ HM, The Reason You’re Having A Problem With That Presentation ? ~
... Is’ ... because that particular presentation ? is based on a flawed premise’ or an incorrect conclusion’ ... so, my suggestion would be to, disregard that’ ... and move forward, ...
CB’s description of “Retained Earnings” is generically correct’ ... however’ ... when one is specifically referring to WaMu ?, ... one needs to consider ... “Off-Balance Sheet”, ... “securitization” ... or, in other words, ... what ? when referring to WaMu ?, was actually generating their reported, ... “Retained Earnings”
... That ? ... is the variable’ ... past and now, present tense ...
... I’m glad you found my original posted presentation, as it relates to WMIH-Corp, ... intriguing ...
Your efforts to understand this extremely relevant issue ?, ... are quite 'commendable ...
AZ
~ Yes, Merry Christmas To All’ & Yes, We’ Will All Be Ok’ ~
WaMu, and its original pre planned financially secured future, has always been about massive amounts of future returns, ... We’ ... were just ALL’ ... given an unbelievable opportunity to participate ...
... I truly hope that everyone innocently caught up in all of this, ... this, propaganda machine, hedge fund, and private equity play’, ... listened to the Judge, and did’ ...
AZ
~ ItsMyOption, Well ? Let’s See’ If We’ Can Walk Through It ~
Or, try and walk through it’ in the way I view things, soon moving forward, ...
So, going back to the beginning, per S. Landefeld, ... “WMI Owns 100% of the “Equity Interest” In WMIIC” ... (not’ the shareholders) ... WMI, which has now reorganized into WMIH-Corp, ...
WMIIC’ was the custodian for the monthly returning Cash’ generated by the numerous Trusts’ ... (calculated and reported as WMI’s, “Retained Earnings”)
... the releasing commons (uq’s) actually own / owned, the Entire WMI Estate’ ... and they, the commons, ... have actu+ally been denied their quarterly dividend returns ever since the seizure (actually since 2007’ but let’s use the seizure for ease of our conversation) ...
common shareholders dividends are associated with a company’s reporting of “Retained Earnings” ... so, ... at last review reported in 2007’, ... WMI’ with roughly 700,000,000 shares out’, actually Paid, ... a .15 (cents) dividend per share per quarter to the commons, ... and the commons (uq’s) Have Not received their dividend for some 9 years, or 36 quarters, ... (plus)
So, ... for a rough consideration, consider how many uq’s commons you owned and released, ... multiplied X’s .15 cents, ... multiplied X’s 36 quarters, ... and you should be reasonably close to your accumulated amount of dividend cash, owed to you’ ...
The company’s WMIH-Corp responsibility, would roughly be the 1.215 Billion Released uq’s again, ... multiplied X’s .15 cents, ... multiplied X’s 36 quarters, ... or roughly ... $6,561,000,000.00 ... to get the original releasing commons current’ ...
I believe the reorganization’s reported “Retained Earnings”, ($21 Billion, ish’), ... remain and are still intact, and the Trusts have continued to generate roughly $104 million dollars per month’ since the reorganization in March of 2012’ ...so currently, a very, very, nice sum of “Retained Earnings” money ...
Once current ?, you could reasonably consider the original 700 million WMI common shares, divided by WMIH-Corps current amount of 206 million shares, ... and come up with a reasonable amount for the newco’ moving forward as a quarterly dividend moving forward into 2018’ ... 700 / 206 X .15 = $0.5085 as a newco WMIH-Corp common share quarterly dividend ... unless we’ get diluted of course ...
Ok hold on for a sec, ... now I may become confusing, ... but when I use the .15 cent divi’ for the calculations, I’m using an extremely conservative last reported dividend return, ... during some of the earlier years, WMI was paying roughly 50 cents per quarter as SEC reported ...
The Trusts’ (All of them) were placed into safe harbor while the litigation was’ ongoing ... (now thankfully completed) ...
So now, ... ever since 06/30/2017’ the funds have begun to move’ ...
This includes commercial lines, credit cards, residential certs, debt offerings, ... all of it’ ...
I’ve already done my best to describe the Preferred Offering and the reason that your markers are all segregated ... P’s, K’s, and uq’s
I hope that helped’ ...
AZ
~ RD' Thank You' and The Very Same To You As Well ~
... Yes' ... the "road" has been a long and winding one', and yes, quite complex' ... however' ... the "road" itself could not be completely erased' or completely covered up' ... the TWO attempts to get Plan 6 approved ?, left the trail to follow' ...
the complex process and much of the evidence along with many of the associated numbers, are revealed in many of the Filings as submitted' ...
The "Tracking Markers" Received for Ones "Class Release" ?, Are Extremely Valuable' ...
The 206,380,800 Reported Current Shares Out of WMIH-Corp ?, ... Are Extremely Valuable' ...
The Performing Trusts' are obviously quite real' ... Deutsche Bank proves the existence of approximately 1/3 of the entire "Pool" ...
The Loss Ratio' (Dunn & Phelps) of 11.9% is probably quite close to the entire "Pool"
Washington Mutual, Inc., obviously utilized, ... a process referred to as, ... "Retained Earnings" ...
The WMB Bank Noteholders' (the ad-hoc Steering Committee) helped to complete the D.C. "dual tracking litigation" which lead to the, ... "Globic Settlement" ...
The Preferred Offering is Real ...
"Everything WaMu", ... utilized a "Securitization Process" ultimately creating Cash Producing ... "Trusts" ...
There's more of course' ...
AZ
~ ADDED: Point being ?, WMI' Protected Itself ~
Just remember to keep things separated and segregated into' their proper form' ...
Washington Mutual Inc., to the Reorganized and now Reincorporated, ... WMIH-Corp' ... along with the reported, ... "Retained Earnings" ... ? ...
do not include or consider';
The WMB Noteholder Program' ...
The Preferred Offering' ...
Commercial Capital Bancorp' ...
The GSA's Settling of Filing # 5885' ...
etc, etc, etc, ...
Oh Yeah, and a Very Merry Christmas Everyone'
AZ
~ Merry Christmas Everyone', WMIH-Corp IS' "The Tell" ~
Washington Mutual Inc., Filed 02/29/2008
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007
https://www.sec.gov/Archives/edgar/data/933136/000104746908002083/a2182890z10-k.htm
This 02/29/2008 document, as it refers to, "Retained Earnings"
Retained Earnings as of 12/31/2007 = $18,921,000,000.00
... (plus' ? don't miss this next part' ... $18,921,000,000.00 - $2,220,000,000.00, ... right' ?) ...
"The Company's retained earnings at December 31, 2007 included a pre-1988 thrift bad debt reserve for tax purposes of $2.22 billion for which no federal income taxes have been provided".
Monthly Operating Report for Debtor in Possession for the Period February 1, 2012 Through February 29, 2012, ... ("this would be the last MOR', able to be filed ahead of Plan 7's Implementation Date on 03/19/2012")
Docket # 10004 Filed 03/30/2012
http://www.kccllc.net/wamu/document/0812229120330000000000007
This 02/29/2012 document, as it refers to, "Retained Earnings"
Retained Earnings, pre-petition as of 09/26/2008 = $16,739,175,191.00
Retained Earnings, pre-petition as of 02/29/2012 = $20,770,648,942.00
Retained Earnings, post-petition as of 02/29/2012 = $1,043,405,792.00
====================================================================
turn the page' ...
Washington Mutual, Inc., utilized securitization process' ...
Loans securitized(3) 6,147 (this is the number' of loans, not their value)
* 3; Represents the interests retained by the Company which are included as an adjustment in this table as they have been recognized separately in the Consolidated Statements of Financial Condition
Certain securities that are sold in exchange for cash are subject to an obligation to repurchase the same or similar securities ("repurchase agreements"). Under these arrangements, we transfer the securities but still retain effective control through an agreement that both entitles and obligates us to repurchase them. As a result, repurchase agreements are accounted for as collateralized financing arrangements. The repurchase obligations are reflected as a liability in the Consolidated Statements of Financial Condition while the securities remain in the respective asset accounts.
====================================================================
turn the page' ...
WMI Holdings Corp Filed 03/15/2013 (First "K" Annual Report)
ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012
https://www.sec.gov/Archives/edgar/data/933136/000119312513110149/d445890d10k.htm
"Following emergence from Chapter 11, we adopted fresh start reporting in accordance with ASC 852 (Reorganizations), pursuant to which the reorganization value of the entity was assigned to the entity’s assets and liabilities in conformity with the procedures specified by ASC 805 (Business Combinations), which requires that the entity measure the identifiable assets and liabilities at their acquisition-date fair values. Adopting fresh start reporting resulted in a new reporting entity with no beginning retained earnings or deficit. In addition to the adoption of fresh start reporting, our post-emergence consolidated financial statements reflect effects of the transactions contemplated by the Plan. Thus, our future balance sheets and results of operations may not be entirely comparable in certain respects to balance sheets and consolidated statements of operations data for periods prior to the adoption of fresh start reporting and prior to accounting for the effects of the reorganization. Our historical financial information may not be indicative of future financial information."
====================================================================
turn the page' ...
and ask ... ? ... Just what Are' ?, a company's "Retained Earnings" ?, ... and were' the company's, ... "Retained Earnings", ... Bankruptcy Remote ?, ...
~ ItsMyOption, Yes, I Agree As Well ~
... As you know, I dissect documents and sequence process' ... considering literally "everything", to the best of my ability' ...
... Back in Sept' of 2008, and then at Plan 7's Implementation 03/19/2012' ... I don't believe that our new Presidents ultimate election could have been predicted' ... however' ... In My Own Opinion ? ... I believe our Presidents actual election, played an important roll earlier this year when "Globic" and the D.C. "dual tracking litigation", came to completion' ...
... Corporations' ... are only required to report completed financials ... with the filing of an annual report a, "K" ...
So, In My Own View and Opinion ?, ... the newco, WMIH-Corp, has not been required to report or reveal any of the now released, ... "Retained Earnings" ... able to be accessed as of 06/30/2017' ...
But, ... it appears to me that, WMIH-Corp did use some of this money, as was revealed to us', back on 10/03/2017', ... to pay off the debt' and release the liens' ...
... The Taxes associated with these massive amounts of, "Retained Earnings", ... "Cash" ... Is A Big Deal' ...
Yes Again, I totally agree with you, as I currently have the news on, waiting for the Presidents Signature' ... completing This Tax Reform', and changing the rating structure beginning in Jan 2018'
AZ
~ Uncle Bo', Yes, WMIH-Corp IS', "The Tell" ~
... I am and have been 100% totally sure about what and how ?, for a very, very, long time now' ... yes, it's a bit' complex and complicated, but maybe I could simply explain by quoting Judge Collyer' ? ...
"Although this is complex litigation, the immediate issue is not so complicated once the parties and their relationships are understood"
turning the page' ...
Washington Mutual Inc., utilized what is referred to as a ... "Securitization Process" ... a process that generated ... "Retained Earnings" ... simplified ? WMI' utilized its Corporate Structure to package loans and place these loans into Cash Generating, ... "Trusts" ... WMI' (the parent corp), was able to financially benefit, with the generation of these, ... "Retained Earnings" ...
The SEC Reporting originally submitted by WMI', ... both ..., pre and post the seizure, and then of course' Right at Reorganization verifies the relevant,... "Retained Earnings" ... numbers' ...
now, stop for a moment' ...
and' simply consider just exactly what "Retained Earnings" truly are' ...
~ RAJU, I’m Not Sure If I’m Following Your Question ~
However, ... If I understand what you are asking ? ... I have already posted the Class released, newco’ share received numbers ... roughly 186 million were issued and received, of the original 200 million shares of newco allocated for issue’ at the reorganization, ... without any initial consideration of some 30% of the uq’s that did not release or participate ...
So, ... do you believe that currently, present tense there are more ? or less ? shares of newco owned by the original releasing retailers, individuals ? ... (206,380,800 out) ...
I released everything and converted a lot at reorganization ... however, today some five plus years later ?, I now own six times that originally issued amount of newco’ shares’ ... Plus’ an absolute load of WMB Fixed Income’ bought post reorganization thanks to the D.C. dual track’ ...
... So, Who ? ... would be upset by that’ ... ? ...
(dilution is greatly affected, (% of ownership), ... the lower the number of participants)
... I’m also not providing WMIH-Corp, with a Credit Facility’, ... with an ... “Embedded Derivative Function” ... either’ ...
just sayin’
AZ
~ You Can Also Believe In WaMu’s Securitization Process ~
As well as the reported, ... process ?, and the ... “Retained Earnings” ...
AZ
~ Intuitive, and Those’ That Have Been Honestly Following ~
Yes, ... I totally agree with you, that ... we’ ... are currently very, very, close ...
AZ
~ Individual Loan Issues ? Are A Trustee’s Problem ~
Not, a WMIH-Corp or releasing WMI owners ... problem’ ?, ... or anything to do with A&M either’
AZ
~ Let Me Help’ Since You Are Getting The Wrong Answer ~
Start with, ... The Reference To ... “Retained Assets” ... is misleading’, which can very easily lead to additional confusion’ ...
The proper term and consideration would be, ... “Retained Earnings” ... or basically, ... “Cash” ... which was and continues to be generated by a process known as ... “securitization”, ... originally used by WMI’ ... and now that “Globic” is completed, ... will be a benefit to the reorganized WMI’ ... WMIH-Corp’ ...
AZ
~ I Am Actually In A Position To Engage Process’ On Any WaMu Level ~
However, ... what I won’t do ?, is entertain any non-documented, or any obvious presentations of misunderstood portions of this WaMu complex dual tracking legal process ... and’ ...
I won’t bother to waist precious time, responding to the majority of what I consider to be irrelevant to the actual process, and ultimate financial returns ... simply put ? ... any portrayal of emotion ?, regarding business or investments’ is Simply never a consideration, ... and I don’t or won’t argue’ regarding what I am sure of’ ... ever’ ...
I am involved in WaMu ? for a very serious return of investment on numerous levels’ ... WMIH-Corp, Released Class 19 and Class 22 Estate Ownership Markers, and Class 17’ WMB Debt, ... I maintain very large positions in all’ ...
while the legal process has continued post reorganization, ... I have attempted to help those that originally released and chose to remain’ ...
Again, ... The Original WMI’ Fundamentals Have Not Changed’ ... and those that Tranche 6’ Class Released as well as the reorganized WMI, ... WMIH-Corp, ... will benefit greatly ...
Forget about the LT, ... it only matters if you are listed as a class 18’ employee claimant ... and PIERS Class 16’ are irrelevant
AZ
~ The “Fundementals” Have Not Changed ~
As the ... WMI-LT (the meaningless’ propaganda machine), ... the numerous hedge funds, ... and the involved private equity’ ... continue to receive free typing’ help’ to attempt to’ discourage those that choose’ to remain’ ...
AZ
~ So, Which WMB Are You Guys Referring To ? ~
... I mean, at this point in time’ ?, ... Everyone knows there was more the One’ ... Right ?
Well, ... Here is a ol’ AZ, ... Golden Nugget’ ... from the Original Declaration of James Carreon (A&M) as Plan 6’ was attempting to be approved back in 2011’ ... (”enjoy reading this my friends”) ... Yeppers, the ol’ “Road King”, was never’ in any real’ danger’ ...
- quoted - (under the penalty of perjury) ...
~ Yepper's, I Had The Same Thoughts' ~
That was sort of a part and parcel', of my thoughts leading to my reveal of the linked' "List of Non-Debtor Subs", with the "Inadvertently Omitted", language' place within the text' ... I still can't believe that it was actually "Admitted" to' ... ? ...
I also thought that the WMI-LT (propaganda machine), was going to once again, try and preempt the newco's (WMIH-Corp) conference call with one of its own (cya') releases' ... just like the time' before' ...
anyhew' ... I ain't going anywhere' ...
AZ
~ JJ, Yep' "Everyone" Waits Together ~
Institution and Individual - Alike' - All' wait ?, and will receive ?, at the exact very same time', ... WMIH-Corp Also', along with everyone else' ...
The gov' is obviously involved here' ... so if the new tax bill is passed for 2018's beginning ? ... then it benefits the gov' to distribute at least some of the safe harbor' prior to 2017 years end' ... so that everyone', would be required to pay more tax' ... (interest earnings are considered to be taxed as, "income")
However again, if the new tax bill is passed for 2018's beginning ? ... then it benefits all of the - investors' - to realize a distribution after 01/02/2018' ... everyone', institution and individual would be required to pay less tax' ...
Since ... We' ... are obviously NOT In Control' ... I guess ... We' ... will just have to All' wait and see what actually happens' at the exact very same time ...
I just wonder how much information was also' ... "Inadvertently Omitted" ... from the recent conference call' ... ? ...
AZ
~ Shamu, Yes An Interesting List For Sure ~
Thanks to all of you participating members, that have taken a moment to open up the link that I provided earlier ... this particular document was filed as an update to an original, ... “Kosturos Declaration” ... and was not originally labeled with a sequenced filing number’ ... or, ... a proper date’ ...
Turning the page’ ... and considering what is important to, Us’
In my opinion, ... when reviewing this list ?, ... I believe a simultaneous return to the Feb 29’ 2012 MOR (Filing # 10004, Filed On 03/30/2012) ... is important to consider and quite relevant as well, ... (the Feb 2012’ would be the last relevant financial disclosure and reveal’ filed just ahead of Plan 7’s 03/19/2012 Implementation Date) ...
Retained Earnings pre-petition @ 09/26/2008 = $16,739,175,191.00
Retained Earnings pre-petition @ 02/29/2012 = $20,770,848,942.00
an increase of some, $4,031,673,751.00 ... cash, generated by segregated subsidiaries between 09/26/2008 and 02/29/2012’ per the last required and necessary MOR needing to be submitted prior to Plan 7’s Implementation ...
Also note’ ... that there is an additional entry for, ...
Retained Earnings post-petition @ $1,043,405,792.00 ... dates only at 02/29/2012’ ... This entry reveals the “Liquidation Preference” ... Only’ ... for the Liquidation Preference financial consideration and specifically date structured consideration in between 9/26/2008 & 02/29/2012
AZ
~ I Don't Know What You Own "Either" ~
... I Only Know What I Own' ... and Why' I chose each segment of the available WaMu securities'
just sayin'
AZ
~ You Are Welcome and That's Fine', I Understand ~
I completely get the anxiety and the frustration that everyday innocent people caught up in this extremely complex, "multiple venue tracking" issue have been going through for a very, very, very, long time now' ...
However' ... NOTHING of the original WaMu values has ever disappeared' ...
only the lies ?, the nonsense financial models ?, the lies about the LT and what its legal parameter's actually are' ?, ... and, the daily attempts to discourage you ... have been obvious to me' ... I've done the work' and I can not be moved' ... most of the nonsense I actually find quite humorous'
warrants to be issued to you by the LT' was my favorite' however now ? I have a new favorite being presented by the very same conflicted one' ...
... "Kosturos has the power to release the FDIC from the WMI' claim against it" ...
So, Exactly What Claim is that ?, that is NOW' being bandied about ? ... I have never seen a WMI' Claim against the FDIC that has NOT been Settled by the GSA' ? ... let alone a WMI Claim Against the FDIC, that Kosturos could actually be able to forgive' ... my goodness'
AZ
~ Legally Held, Safe Harbor' Returns' ? ~
... Will Get Released For - Everyone - At The Exact Very Same Time ...
as the reorganized WMI', WMIH-Corps. portion ?, Releasing Institutional Investors portion ?, and, Releasing Individuals portion ?, ... ALL at the exact' very same time' ...
... In My Opinion ? the process will begin prior to a 2017 year end' ...
I believe, WMIH-Corp will be "The Tell", ... it should become very obvious, if the massive amount of "Cash" legally held, Safe Harbor returns have begun to be released' ...
AZ
~ The Original WMI' "Cash" Returns ? ~
... Now' able to become WMIH-Corps "Cash" Returns ? ...
Came in the form of Cash' from WaMu's multiple packaging and investment participations' ...
Anyone that actually owns a WMI Preferred Security' ? (a P' or a K' series ?), ... hopefully would have taken the time to read an associated WMI Preferred Offering Prospectus' ... WMI's Preferred Offerings (P's and K's) actually paid non-cumulative dividends, four times a year, ... always in arrears of the preceding quarter' ... ($0.0775% & $0.04% respectively')
An ABS-Cert ? or an, RMBS-Cert ? ... functioned in a different Prospectus Revealed manner' ... generally returning dividends on a monthly basis, between the 21st and the 25th day of the month' ... (generically' in the neighborhood of $0.045%, after paying the "servicing fees")
An Original WMB Bank Fixed Income Offering ? ... again, are designed to their own prospectus' ... (along with everything WaMu ?, I also own WMB Fixed Income Securities', but I doubt many other retail participants do' ... distressed debt' is generally a hedge fund play, I just paid attention to what they' were doing, and also jumped in to own some of that')
WMI's original Cash Raises' ? (Debt Offerings) ... also have their own promised rates of returns' ... The most prevalent to everyone would be Tranche 3' ... Commercial Capital Bancorp. ... yes WMI', paid itself back ...
~ Know What You Own ~
AZ
~ WMIH-Corp Will Now Be' The Recipient Of Exactly What WMI' Was ~
The Washington Mutual, Inc., "Cash" generated returns', cycled through their extensive list of subsidiary's, ... along with, ... Washington Mutual Investment Corp., ... Commercial Capital Bancorp., ... and the original, WMI Preferred Offering' ... etc, etc, etc, ... referred to as third parties in your submitted release document'
... Able to now start properly functioning again, now that Plan 7 has been completed (03/2012), and now that the D.C. Litigation has been completed (08/2016), and now that ALL of the Litigation requirements are finalized (the Globic' settlement completion (06/2017)
Washington Mutual, Inc.
Master Retention Checklist
http://www.kccllc.net/wamu/document/0812229081011000000000003
Washington Mutual, Inc.
Master Retention Checklist
... Non-Debtor Affiliates ... that are Directly associated with the Plan's Reported Retained Earnings' ...
AZ